There is no way to predict the future, but there are certain steps a person can take to protect his or her interests before walking down the aisle. A Florida couple may find it beneficial to draft a prenuptial agreement in order to reduce the chance of complications in the event of a divorce in the future. Even more than previous generations, many millennials prefer to draft this type of contract before getting married.
As a Florida business owner, a divorce can bring about significant financial changes and the threat of losing valuable business-related assets. In order to prevent stressful litigation and the potential for financial loss in the event a marriage ends, savvy business owners find it beneficial to draft prenuptial agreements before walking down the aisle. These documents can clearly outline how property division will work, allowing a person to protect his or her interests.
Jeff Bezos, founder of online shopping giant Amazon, is headed for divorce from his wife of many years. With an estimated fortune of more than $136 billion, the division of wealth between the spouses will be of interest to readers in Florida and elsewhere. That's especially true because Bezos doesn't have a prenuptial agreement in place, and it's unclear whether the couple ever signed a postnuptial agreement outlining how their assets would be divided in the event of divorce.
Far too many couples think about prenuptial agreements as nothing more than the outline for an eventual divorce. In reality, these documents serve many more purposes and can even help prevent a divorce from taking place. Sitting down with a marital agreements lawyer can be as beneficial as couples counseling for many in Florida.
More Florida couples are signing prenuptial agreements with the hope that they will not need to rely on them, but those who have one in place are relieved at how well a prenuptial agreement can work to reduce stress and contention in a divorce. Prenups can be surprisingly flexible, too. Beyond excluding a spouse's individual assets or inheritance from property division, prenuptial agreements can be useful in many situations, even if a couple does not have complex wealth to protect.
Some spouses create a prenup well in advance of getting married. For others, a prenuptial agreement simply wasn't part of their wedding planning process. That doesn't mean, however, that a Florida couple doesn't have any way to achieve those protections after they say their vows. By working with a marital agreements lawyer, a postnuptial agreement can outline how assets would be handled in the event of a divorce.
Couples who are planning to include a prenuptial agreement in their wedding plans are already off to a great start. Working through the details of a prenup offers a chance to have a series of in-depth conversations about expectations and a multitude of financial matters. However, without the assistance of a skilled Florida marital agreements lawyer, it's possible to make mistakes that can invalidate the entire prenup.
For those spouses who had the wisdom to draft a prenuptial agreement, things are certainly off to a good start. Over time, however, some Florida spouses will fail to adhere to the terms laid out in their prenup, which can effectively void all or part of a document. While drafting a prenuptial agreement is a great place to start, actually "living" that agreement is sometimes more difficult to manage.
Protecting wealth is an important consideration for many men and women as they prepare to marry, and a prenuptial agreement is part of that process. Many in Punta Gorda believe that prenuptial agreements are ironclad, and will serve to protect against loss of assets in the event of a divorce. It's important to understand that these contracts can be thrown out of court in certain circumstances, as evidenced by a recent court action in a different state.
Unlike past generations, the young adults of today have vastly different concepts about marriage. One way in which they differ is in their opinion of the importance of prenuptial agreements. Their parents and grandparents may have reserved these contracts for the very wealthy or those with considerable assets to inherit. In contrast, millennials in Florida and across the country are using prenups more frequently because of changes in their circumstances and in their overall view of marriage.